Gross EBITDA definition
Gross EBITDA means, for any period and calculated on a Pro Forma Basis, (a) Net Income, PLUS (b) the following to the extent deducted from Net Income in accordance with GAAP (i) Interest Expense, PLUS (ii) income Taxes, PLUS (iii) total depreciation expense, PLUS (iv) total amortization expense, PLUS (v) other non-cash and non-recurring items, LESS (c) other non-cash and non-recurring items increasing Net Income, MINUS (d) any net extraordinary gains, PLUS (d) any net extraordinary losses; PROVIDED, HOWEVER, that there shall be excluded from "GROSS EBITDA" any portion of Gross EBITDA (i) from the Companies' Brokerage Services Line that exceeds in the aggregate forty percent (40%) of Gross EBITDA, (ii) attributable to the Companies' International Operations that exceed in the aggregate twenty percent (20%) of Gross EBITDA, (iii) from the Institutional Business Line of the Companies' International Operations that exceeds in the aggregate ten percent (10%) of Gross EBITDA, (iv) attributable to EBITDA from Real Estate Gains that exceeds in the aggregate fifteen percent (15%) of Gross EBITDA, and (v) attributable to the Share of Gross EBITDA of the owners (other than Borrower or a wholly-owned Subsidiary of Borrower) of Stock of any Subsidiary of Borrower. The percentage limitations calculated in CLAUSES (i) through (iv) of the immediately preceding sentence shall be calculated, in each case, prior to reduction of Gross EBITDA as a result of any such limitations.
Gross EBITDA means the earnings of the Business before (i) interest income and expense allocable to the Business, (ii) corporate income taxes allocable to the Business, (iii) depreciation on property, plant and equipment of the Business, (iv) amortization of goodwill of the Business, (v) amortization of other intangibles of the Business, (vi) gains or losses on the disposition of assets, lines of business, product lines or similar transactions by the Business, and (vii) amortization of prepublication costs; and
Gross EBITDA means EBITDA before accruals for Performance Awards under the Plan, and incentive awards under the Corporation's Annual Incentive Compensation Plan, for the relevant period.
Examples of Gross EBITDA in a sentence
The parties shall then apply a factor of 7.44 times Gross EBITDA to determine the level of investment/purchase price that is supported by the existing EBITDA assuming a 10.75% lease rate with a 1.25 lease coverage ratio (e.g. Gross EBITDA x 7.44 = Investment/Purchase Price).
Borrower shall not permit the total amount of Real Estate Investments as of the last day of any Fiscal Quarter to exceed the lesser of (a) the product of: (i) Gross EBITDA for the four (4) Fiscal Quarters ending on the last day of such Fiscal Quarter, multiplied by (ii) three (3), or (b) $275,000,000.
Real Estate Investments $ (ii) Gross EBITDA $ (iii) Ratio of (i) to (ii) (iv) Maximum Permitted(4) $ (i) Maximum Investment in Real Estate Investments in Unconsolidated Entities and Fund IV (without duplication).
The combined EBITDA and Buckhead EBITDA shall be called the "Gross EBITDA" hereunder.
The combined EBITDA and Gwinnett EBITDA shall be called the "Gross EBITDA" hereunder.
More Definitions of Gross EBITDA
Gross EBITDA means, for any period and calculated for the Consolidated Companies on a Pro Forma Basis, (a) Net Income, plus (b) the following to the extent deducted from Net Income in accordance with GAAP (i) Interest Expense, plus (ii) income Taxes, plus (iii) total depreciation expense, plus (iv) total amortization expense, plus (v) other non-cash and non-recurring items, less (c) other non-cash and non-recurring items increasing Net Income, minus (d) any net extraordinary gains, plus (e) any net extraordinary losses; provided, however, that there shall be excluded from “Gross EBITDA” any portion of Gross EBITDA (i) from the Consolidated Companies’ Brokerage Services Line that exceeds in the aggregate thirty-five percent (35%) of Gross EBITDA, (ii) attributable to the Consolidated Companies’ International Operations (other than business operations, assets, and properties located in Canada) that exceed in the aggregate twenty-five percent (25%) of Gross EBITDA, (iii) attributable to EBITDA from Real Estate Gains that exceeds in the aggregate thirty percent (30%) of Gross EBITDA, (iv) attributable to the Share of Gross EBITDA of the owners (other than Borrower or a wholly-owned Subsidiary of Borrower) of Stock of any Subsidiary of Borrower (to the extent included in Gross EBITDA), (v) attributable to real property subject to Exempt Construction Loans (except for EBITDA from Real Estate Gains subject to the limitations set forth above), and (vi) attributable to EBITDA from the Consolidated Companies’ Brokerage Services Line, Real Estate Gains, and Consolidated Companies’ International Operations (other than business operations, assets, and properties located in Canada) that exceeds in the aggregate sixty-five percent (65%) of Gross EBITDA. The percentage limitations calculated in clauses (i) through (iv) and clause (vi) of the immediately preceding sentence shall be calculated, in each case, prior to reduction of Gross EBITDA as a result of any such limitations.